National Indemnity Company (NICO) was founded in 1940. Throughout the years, National Indemnity has provided those looking for insurance products with one of the most impressive and inclusive repertoires of commercial insurance products. National Indemnity is one of the few insurance companies with an A++ Superior (the highest rating possible) from AM Best, an independent insurance rating agency. National Indemnity provides a variety of insurance products, one of which includes commercial auto insurance.
If you were recently involved in a truck accident, you might have grounds to file a truck accident claim against National Indemnity—given that the truck involved in the accident was insured by National Indemnity insurance. If so, you could file a claim against National Indemnity and receive compensation for the harm that you and your family suffered.
Were you involved in a truck accident? Was a member of your family involved in a truck accident? Whether the truck accident that harmed you and your family resulted in severe injuries or death, you might have the right to sue and receive compensation.
Have you considered the possibility of filing a claim against National Indemnity? Have you already filed a truck accident claim against National Indemnity insurance? Regardless of whether you are interested in starting or have already started the legal process against National Indemnity, you might have questions surrounding truck accident claims. Some of your questions might be in regard to the amount of time it takes for National Indemnity to pay on an 18 wheeler accident case. If so, it is important that you seek legal assistance as soon as possible.
If you would like to discuss your truck accident claim with experienced truck accident lawyers that have represented the victims of truck accidents in the past, contact Normandie Law Firm. Normandie Law Firm is a personal injury firm with many years of experience handling claims that arise from traumatic incidents—such as truck accidents. Our lawyers have successfully represented many victims of truck accidents and have filed successful claims against a wide variety of insurance companies. Our lawyers are ready to handle your claim against National Indemnity; do not hesitate to contact our firm.
Frequently Asked Questions
How long does it take to settle a truck accident claim with National Indemnity? If you are interested in learning more about the length of time it takes National Indemnity to settle a truck accident claim, you are not alone. Our law firm is often approached with many of the following questions regarding the time period to settle a truck accident claim with National Indemnity insurance:
- What is the average time it takes National Indemnity to settle a truck accident lawsuit?
- How long is the period of time for National Indemnity to pay for a truck accident involving National Indemnity insurance company?
- What determines how long it takes National Indemnity to pay on a truck accident case lawsuit?
- How long do truck accident cases with National Indemnity take to settle?
- What could decrease the amount of time it takes National Indemnity to settle a truck accident case?
If you have any of the questions listed above, you must seek legal assistance as soon as possible. Without a doubt, truck accidents could leave you with uncertainty about your financial status. Often, reaching a settlement appears to be the only solution to your problems. For many victims of truck accidents, the answers to the questions above make the difference between deciding to pursue their claims. If you would like more information about how long it takes National Indemnity to settle a semi-truck accident claim, do not hesitate to contact our law firm as soon as possible.
The Significance of Reaching a Truck Accident Settlement
Without a doubt, how long a truck accident lawsuit takes to reach a settlement is important, but why is that information so significant for all parties affected by truck accidents? As mentioned above, truck accidents could lead to financial difficulties and reaching a settlement could appear to be the only solution. Why do truck accidents result in financial difficulties? Because of the severity of truck accidents, truck accidents often result in fatalities, severe injuries, and a variety of other damages.
Victims and their family members could be left with unexpected medical bills, bills for death services, and many other expenses that could put a burden on an entire family’s finances. In many cases, victims and their families lose their savings and max out their credit cards trying to pay for all the sudden expenses and keep up with normal living expenses. Many parties affected by truck accidents even lose their homes and other personal property because they are unable to keep up with payments.
Reaching a settlement, although it cannot reverse the harm suffered as a result of a truck accident, could provide you with the financial stability that you need to overcome the financial difficulties caused by the truck accident. Having peace of mind and not having to worry about how you will make ends meet could give you the foundation to begin rebuilding your life after such a traumatic experience. If you would like to learn more about the duration to settle a truck accident claim, contact our law firm today.
Understanding the Average Time to Reach a Settlement
What is the average amount of time for National Indemnity to settle a truck accident lawsuit? How long does it take National Indemnity insurance to pay a truck accident claim? There are many factors that could affect the average amount of time it takes for National Indemnity to compensate you for a truck accident case. Frequently, truck accident claims could reach a settlement within 2 years. Rarely (although still possible), truck accident claims take longer than 2 years to reach a settlement. Although truck accident claims could settle within 12 months and 18 months, speaking with our lawyers should help you set your mind on waiting approximately 2 years (or more) to settle your claim. Usually, the time it takes to settle a claim depends on the details of the claim or the legal process. In other words, claims that are straightforward and have little to no complications from the start are likely to take less time to settle than their counterparts. For more information about how long an 18 wheeler lawsuit takes and how long you might have to wait to receive a settlement after you were rear ended by a truck, do not hesitate to contact the truck accident lawyers at Normandie Law Firm.
The Process towards Reaching a Settlement
How much time does National Indemnity take to make payment on a truck accident case? To understand how much time could pass after an accident with an 18 wheeler to settle your claim, it is beneficial to know about the legal process. The legal process consists of a variety of steps—all of which work together towards reaching a settlement. Consider the following steps and their associated time estimates:
- Building a case. Your truck accident lawyer must gather all the information relevant to your truck accident claim. It could take a few weeks for your lawyer to gather the necessary information. In some cases, specifically, when medical treatment is incomplete, it could take many months for the lawyer to gather all the necessary information.
- Making a demand. Your attorney must use the evidence gathered to create a demand for settlement. Depending on the competency of your truck accident lawyer, it could take a few days or a few weeks to prepare the demand. The details of your claim could also affect the time it takes your lawyer to prepare the demand package. As claims become more complex, the time it could take to prepare the demand package could increase. Your attorney must send the demand package to the insurance company.
- Waiting for a response. National Indemnity, upon receipt of the demand, will launch an investigation for your claim. After the investigation is complete, the insurance company will respond with a decision. Although insurance companies could deny claims, it is likely that they will respond with a settlement offer. You should expect to wait approximately one month before hearing a response from the insurance company.
- Negotiating a settlement. If the insurance company responds with a settlement offer that is unreasonably low, your attorney must respond with a counteroffer. This will begin negotiations for a settlement amount that all parties could agree upon. This process usually takes a few months.
- Releasing liability. After agreeing to a settlement, you will be required to sign a settlement release document that removes the insurance company’s liability in exchange for the settlement. The insurance company will not send the settlement check until the signed document has been received. In general, it could take National Indemnity about 6 weeks to send the check.
- Paying fees. Your truck accident lawyer will receive the settlement check and make the appropriate deductions for legal expenses, liens, and all other fees associated with your claim. After all the charges have been accounted for, you will have access to the settlement check.
Each of the steps listed above represent an essential part of the legal process towards reaching a settlement. If even one of the steps above is delayed, your case will take longer to reach a settlement. Although you cannot control the legal process, you could do your part by ensuring that you trust your claim only to a competent lawyer. For more information about the time you must wait to settle your claim against National Indemnity contact us today.
Our Law Firm
How long do you have to wait for National Indemnity to settle a semi-truck accident case? For answers to this question and any other questions regarding your truck accident claim, do not hesitate to contact Normandie Law Firm to benefit from our free legal services.
Our firm offers free consultations. During our free consultations, our experienced truck accident lawyers will answer all your questions and answer all your concerns. Our lawyers will provide you with all the information that you need to file a successful lawsuit against National Indemnity. If you would like to learn more about the time it could take to file a lawsuit before you decide to pursue your claim, contact our firm to schedule a free consultation at your earliest convenience.
Our firm also offers free second opinions. During our free second opinions, our lawyers are committed to guiding your truck accident claim back towards a successful outcome after it has been negatively affected by an incompetent attorney. If your current attorney’s incompetence has misdirected your claim and has prevented a settlement, you must seek a second opinion immediately. Our lawyers will clarify your doubts and provide you with the guidance necessary to reach a prompt settlement. To schedule a free second opinion, contact our firm today.
Our Zero-Fee guarantee ensures that the parties affected by truck accidents never have to worry about paying any upfront legal expenses. Our firm is also based on a contingency structure; therefore, you will not pay unless you win. To discuss your truck accident claim against National Indemnity insurance with our attorneys, contact our law firm today.
